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Note 3 - Discontinued Operations (Tables)
6 Months Ended
Jun. 30, 2011
Discontinued Operations, Policy [Policy Text Block]

 

 

Three Months Ended

June 30,

 

Six Months Ended

June 30,

 

 

2011

 

2010

 

2011

 

2010

Discontinued operations:

 

 

 

 

 

 

 

 

Revenues from rental property

$

(1,308)

$

9,055

$

2,028

$

25,071

Rental property expenses

 

(647)

 

(3,589)

 

(1,616)

 

(8,015)

Depreciation and amortization

 

(431)

 

(3,772)

 

(1,340)

 

(9,670)

Interest expense

 

(3)

 

(1,831)

 

(7)

 

(5,034)

Income from other real estate investments

 

240

 

2,173

 

515

 

2,095

Other income/(expense), net

 

46

 

(553)

 

188

 

(619)

(Loss)/income from discontinued operating properties, before income taxes

 

(2,103)

 

1,483

 

(232)

 

3,828

Loss on operating properties sold

 

-

 

(27)

 

-

 

(31)

Impairment of property carrying value

 

(5,438)

 

(2,591)

 

(8,153)

 

(3,391)

Gain on disposition of operating properties

 

4,025

 

-

 

4,188

 

-

Provision for income taxes, net

 

(58)

 

(380)

 

(58)

 

(122)

(Loss)/income from discontinued operating properties

 

(3,574)

 

(1,515)

 

(4,255)

 

284

Net income attributable to noncontrolling interests

 

(41)

 

(93)

 

(58)

 

(108)

(Loss)/income from discontinued operations attributable to the Company

$

(3,615)

$

(1,608)

$

(4,313)

$

176